# The TJX Companies, Inc. (TJX)

> TJX sells discounted brand-name clothing, shoes, accessories, outdoor gear and home goods through stores and websites.

- Exchange: NYSE · Sector: Consumer Discretionary · Industry: Apparel Retail
- Headquarters: Framingham, Massachusetts, United States
- Founded: 1956
- Employees: 377,000 (January 31, 2026)
- SEC CIK: 0000109198 ([filings on EDGAR](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000109198))
- Full page: https://inspectstocks.com/stocks/tjx
- Data as of: price 2026-09-29; newest filing used 2026-08-28; latest fiscal period ended 2026-08-01

## Grade

**A** on the growth-and-cash rubric, 5 of 5 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Revenue growing overall | passed | $62.4B | $51.2B |
| Revenue growing recently | passed | $62.4B | $60.4B |
| Free cash flow positive | passed | $5.9B |  |
| Free cash flow growing overall | passed | $5.9B | $4.6B |
| Free cash flow growing recently | passed | $5.9B | $4.9B |

Business quality (the + / − mark): 4 of 6 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Profitable | passed | 9.7% |  |
| Healthy profit margin | failed | 9.7% |  |
| Strong operating margin | failed | 7.6% |  |
| Good return on equity | passed | 59.5% |  |
| Debt under control | passed | 1.32 |  |
| Turns sales into cash | passed | 9.4% |  |

How the grade works: the letter counts failed checks (none → A, one → B, two → C, three → D, four or more → F). It is built from SEC filings only — the share price never enters it — and describes the business, not whether the stock is worth buying.

## Key figures

In US dollars, as filed.

| Measure | Value |
| --- | --- |
| Revenue, trailing twelve months | $62.4B |
| Net income, trailing twelve months | $6.1B |
| Free cash flow, trailing twelve months | $5.9B |
| Net margin | 9.7% |
| Return on equity | 59.5% |
| Debt to equity | 1.32 |
| Diluted EPS, trailing twelve months | $5.40 |
| Share price | $133.79 |
| Market value | $147.2B |
| Price / earnings | 24.8x |
| Price / sales | 2.4x |

## What the business does

TJX runs retail chains including TJ Maxx, Marshalls, HomeGoods, Winners and TK Maxx. Its buyers purchase branded and other merchandise from a wide range of suppliers, including excess stock and canceled orders, then sell it through stores and six shopping websites. The merchandise changes often, and customers shop in stores or online; online sales were about 2% of total net sales (13 weeks ended August 1, 2026, high).

### How it makes money

- **Marmaxx: TJ Maxx, Marshalls and Sierra, selling clothing, shoes, accessories, outdoor gear and home goods, mainly in the United States.** (60.6% (fiscal year ended January 31, 2026)) — Customers pay for merchandise in stores and on the chains’ websites; Sierra is included in this segment.
- **HomeGoods: HomeGoods and Homesense, selling home furnishings and related goods in the United States.** (16.8% (fiscal year ended January 31, 2026)) — Customers pay for home merchandise in the chains’ stores.
- **TJX International: TK Maxx and Homesense in Europe, and TK Maxx in Australia, selling clothing, shoes, accessories and home goods.** (13.2% (fiscal year ended January 31, 2026)) — Customers pay for merchandise in stores and on the segment’s shopping websites.
- **TJX Canada: Winners, HomeSense and Marshalls, selling clothing, shoes, accessories and home goods in Canada.** (9.3% (fiscal year ended January 31, 2026)) — Customers pay for merchandise in the chains’ stores.

### Products

- **TJ Maxx and Marshalls** — United States stores and websites selling family clothing, shoes, accessories and home goods. TJ Maxx has a designer department; Marshalls has a full shoe range and a broader men's selection.
- **Sierra** — Stores and a website selling brand-name outdoor and active clothing, shoes, sporting goods and equipment for activities such as camping, fishing and snow and water sports.
- **HomeGoods and Homesense** — United States stores selling home goods such as furniture, rugs, lighting, bedding, kitchenware and decorative items.
- **Winners, HomeSense and Marshalls Canada** — Canadian stores selling family clothing, shoes, accessories, home decor, furniture and seasonal home merchandise.
- **TK Maxx and Homesense** — TK Maxx sells clothing, shoes, accessories and home goods in Europe and Australia; Homesense sells home goods in Europe.

### Customers

- Shoppers across a broad range of income levels buy clothing, shoes, accessories, outdoor gear and home goods in TJX stores.
- Online shoppers buy merchandise through TJX's six shopping websites.

### Competitors

- Ross Stores (ROST) — Off-price clothing, shoes, accessories and home goods sold through stores.
- Burlington Stores (BURL) — Discounted clothing, shoes, accessories and home merchandise sold through stores.
- Amazon (AMZN) — Online sales of clothing, shoes, accessories and home goods.

### What it depends on

- Access to a changing pool of merchandise suppliers: TJX reported approximately 21,000 vendors worldwide (fiscal 2026, high).
- Buying, shipping and selling merchandise across countries exposes the business to tariffs, trade rules, currency changes and transport costs.
- Getting merchandise to stores depends on TJX's distribution network, third-party shipping and handling in some cases, and a large retail workforce.

### What could go wrong

- If TJX cannot find appealing merchandise at suitable prices or manage inventory and store deliveries well, it may have to mark down goods or miss customer demand.
- Changes in shoppers' tastes and intense competition from other retailers could make TJX's merchandise or shopping experience less appealing.
- Global sourcing exposes TJX to changes in tariffs and trade rules, and to disruption or added cost when moving merchandise between countries.

## More on this company

- [Overview](https://inspectstocks.com/stocks/tjx)
- [Financial statements](https://inspectstocks.com/stocks/tjx/financials)
- [Competitors](https://inspectstocks.com/stocks/tjx/peers)
- [Earnings](https://inspectstocks.com/stocks/tjx/earnings)

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Source: InspectStocks, built from the company’s own SEC filings. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.